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Institution for a Global Society (TSE:4265) Net-Net Working Capital : 円149.46 (As of Dec. 2023)


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What is Institution for a Global Society Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Institution for a Global Society's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円149.46.

The industry rank for Institution for a Global Society's Net-Net Working Capital or its related term are showing as below:

TSE:4265's Price-to-Net-Net-Working-Capital is ranked better than
77.04% of 392 companies
in the Business Services industry
Industry Median: 6.25 vs TSE:4265: 2.64

Institution for a Global Society Net-Net Working Capital Historical Data

The historical data trend for Institution for a Global Society's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Institution for a Global Society Net-Net Working Capital Chart

Institution for a Global Society Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
92.04 80.72 231.47 214.57

Institution for a Global Society Quarterly Data
Mar20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 206.33 214.57 185.46 171.79 149.46

Competitive Comparison of Institution for a Global Society's Net-Net Working Capital

For the Staffing & Employment Services subindustry, Institution for a Global Society's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Institution for a Global Society's Price-to-Net-Net-Working-Capital Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Institution for a Global Society's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Institution for a Global Society's Price-to-Net-Net-Working-Capital falls into.



Institution for a Global Society Net-Net Working Capital Calculation

Institution for a Global Society's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(912.714+0.75 * 140.564+0.5 * 0.65-55.172
-0-0)/4.4893
=214.57

Institution for a Global Society's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(670.078+0.75 * 172.518+0.5 * 18.449-135.183
-0-0)/4.5063
=149.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Institution for a Global Society  (TSE:4265) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Institution for a Global Society Net-Net Working Capital Related Terms

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Institution for a Global Society (TSE:4265) Business Description

Traded in Other Exchanges
N/A
Address
4th Floor, 1-11-2, Ebisu Minami, Shibuya-ku, Tokyo, JPN, 150-0022
Institution for a Global Society Corp is a people analytics company engaged in identification, recruitment and development of human capital. The company's predictive analytics software has been adopted by a wide range of organizations, including educational institutions, multinational corporations, international institutions and government agencies.

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